Is 77511, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 77511 is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, 77511 has remained a Seller's Market.

Key Takeaway

77511 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 77511, TX cost?

Median Sold Price

$285,300

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$33,216(+13.2%)

Key Takeaway

Homes in 77511 have sold for 13.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $250K$177.5K
-29.0%
2 $149.9K$200K
+33.4%
3 $235K$267.8K
+14.0%
4 $284K$315K
+10.9%
5+ $335K$392.4K
+17.1%

Median Sold Price Compared To Nearby Zip Codes

77511
+13.2%
77578
+7.9%
77510
+7.5%
77517
-1.2%

How many homes are available in 77511, TX?

Number of Homes For Sale

Dec 2022Jan 2023%
139128-7.9%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 01
+100.0%
2 88
0.0%
3 8074
-7.5%
4 4337
-14.0%
5+ 88
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
3226-18.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 77511, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
22 Days46 Days+109.2%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 77511 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 77511, TX

77511, TX has 128 homes on the market. Between December 2022 and January 2023, 77511, TX real estate market has seen decrease in the number of listings by 7.9%. In January 2023 median list price was $285,300 and the average listing age was 46 days. Listing prices have changed in this real estate market between December 2022 and January 2023: prices of 1 bedroom properties went down by 29%, 2 bedrooms properties prices increased by 33.4%, prices of 3 bedrooms properties went up by 14%, the cost of 4 bedrooms properties went up by 10.9%, 5 bedrooms properties became 17.1% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% more available, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 7.5%, number of 4 bedrooms homes decreased by 14%, 5 bedrooms homes did not move. In January 2023, from all listings sold in 77511, TX there were more than 2 sold above asking price, over 18 sold below and more than 6 were sold right at the asked price.